Theo Walcott’s contract saga looks like it is finally close to a resolution (Picture: Getty)

Arsenal manager Arsene Wenger says he is ’99 per cent’ certain Theo Walcott will pen a new deal with the Gunners.

Speculation has been rife in recent months that the 23-year-old would opt to quit the Emirates either in January or when his contract expires at the end of the season.

But after lengthy negotiations surrounding both salary and his playing position, Wenger is now confident the England international will stay put for the foreseeable future. Read the full story here.

Talent: Wilfried Zaha has long been linked with a move out of Crystal Palace (Picture: AP)

And the Frenchman has also reiterated his interest in both Crystal Palace winger Wilfried Zaha and Napoli striker Edinson Cavani, but said it remains unlikely either will be joining the club before the end of the January transfer window.

Wenger admitted Cavani was almost certainly out of Arsenal’s price range, while also revealing the Gunners have yet to table a bid for in-demand Zaha.

Another player who looks increasingly unlikely to move to the Emirates this month is Lyon midfielder Yoann Gourcuff, with the French club’s chairman saying they have yet to receive contact from Arsenal over a move for the 26-year-old.

Wesley Sneijder is unlikely to be moving to Anfield this month (Picture: Getty)

And it also appears the Premier League dream is fading for out-of-favour Inter Milan midfielder Wesley Sneijder.

The Dutchman has been stalling on a move to Turkish side Galatasaray in the hope of a last-minute switch to England, but Liverpool boss Brendan Rodgers – whose side have been linked with a bid – says it is unlikely Sneijder will be coming to Anfield.

But the Northern Irishman remains hopeful of doing more business before the end of the transfer window.

Meanwhile, Argentinian side San Lorenzo have admitted they are dependent upon Newcastle captain Fabricio Coloccini tearing up his contract in order to sign him.

The defender had reportedly asked to leave Tyneside, but San Lorenzo president Matias Lammens has revealed the club can’t afford a transfer fee and will only wait until the end of the week for Coloccini to make a decision on his future.

And Magpies boss Alan Pardew is another man counting the pennies, insisting he is not willing to pay ‘silly money’ to bring new players to the club as they battle relegation. Click here for the full story.

Ryan Giggs looks set for yet another year at Old Trafford (Picture: PA)

But it is better news for Manchester United and veteran midfielder Ryan Giggs, with boss Sir Alex Ferguson hinting the 39-year-old will sign a new one-year extension at Old Trafford.

Don’t forget to catch up with all the latest transfer news in Metro’s live blog.